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Global Portable X-ray Devices Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Devices Type, Technology, Application & Region – Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 574
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Portable X-ray Devices Market Size (2022 to 2027)

As per our research report, the size of the global portable x-ray devices market is expected to be worth USD 12.25 billion by 2027 from USD 6.2 billion in 2022, growing at a rate of 14.6% during the forecast period.

Portable x-ray equipment is a wireless digital X-ray imaging device for mobile health professionals, including doctors and first-aid workers in the field, at home, and in nursing homes, as well as medically focused support groups, ships, and offshore platforms. X-ray is a kind of ionizing electromagnetic radiation used in a wide range of industries. Doctors and medical practitioners will find portable X-ray machines beneficial since they may be used without a large setup. These devices may be folded up and transported in a small package, and they can be connected to a computer at the X-Ray lab to view images on display.

MARKET DRIVERS:

Growing technological advancements, the rising number of patients with chronic diseases, and increasing awareness among people regarding these products are accelerating the global portable x-ray device market growth.

An increase in the elderly population and also the growing number of accidents are the factors that fuel the market growth. Good image quality, the fast development of image rates, and significantly fewer radiation risks are further fuelling the growth rate of the global portable x-ray devices market. Other factors are a rise in disposable income, lifestyle changes, and increasing orthopedic and cancer diseases occurrences. On the other hand, an increase in interest rates and ongoing ethical and privacy concerns of the data transfer are significant restraints for the portable X-ray devices market. The development of cost-effective devices provides opportunities to the players in the portable x-ray devices market.

Some of the other major driving factors of the portable X-ray device market are advancements in medical and healthcare services and the rise in digital x-ray systems' popularity. Due to the increase in osteopathy and the improvements coupled with the growth of sports incidences injuries by immediate necessaries, the global portable x-ray devices market is expected to grow during the forecast period significantly. Moreover, an increase of demand for former and advancement of technology in digital therapeutics and radiography also plays a crucial role in market growth.

MARKET RESTRAINTS:

High costs involved in manufacturing and clinical trials of the digital devices and insufficient imaging infrastructure in developing countries restrain the global portable x-ray devices market growth.

Impact OF COVID-19 on the global portable x-ray devices market:

COVID-19 pandemic outbreak affected every market. After the WHO (World Health Organization) official announcement, every market observed the modifications due to the COVID-19 pandemic, such as the market dynamics, trends, and observed requirements. COVID-19 pandemic outbreak affected with the inclusion of current and future impact overall industry growth. Due to the rise in crisis, changes in requirements and trends are changing the economy's landscape. The primary wish of every market is to get a vaccine for COVID-19 as soon as possible.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

By Devices Type, Technology, Application, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Carestream Health, Hitachi Medical Corporation, Siemens Healthcare, Philips healthcare, Virtual Imaging, GE Healthcare, Fujifilm holdings corporation, Shimadzu Corporation, and Toshiba Corporation.

 

This research report on the global portable x-ray device market has been segmented based on technology, applications, and type of devices.

Portable X-ray Device Market - By Devices Type:

  • Hand-Held Devices
  • Mobile Devices

Handheld devices are holding the most massive share value during the forecast period based on the device type.

Portable X-ray Device Market - By Technology:

  • Analog X-Ray Devices
  • Digital X-Ray Devices

The digital x-ray devices market is holding the highest shares in all the application segments based on technology. It is due to the ease of use and accuracy of these digital diagnostic devices. 

Portable X-ray Device Market - By Application:

  • Dental X-Ray
  • Mammography
  • Chest X-Ray
  • Abdomen X-Ray

Based on the application, the dental x-ray segment is ruling with the highest shares of the market owing to increasing dental problems and the rising geriatric population. Some of the other significant factors favoring the dental x-ray segment are increased dental problems and the aging population.

Portable X-ray Device Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

Geographically, North America accounts for the largest share globally due to an increase in the aged population and technological competitiveness. Therefore, it is expected to continue its dominance over the forecast period. Furthermore, the North American region accounts for the largest share due to contributing factors such as increasing old citizens like the aged population and advanced technology and estimating that this growth share will be continued further forecast period.

The Asia-pacific region is estimated to achieve the highest growth in the years to come due to increased population and strong government support for healthcare industries.

Moreover, the third revenue regional share contributes by the European region with a high compound annual growth rate of 14.2% over the forecast period. The factors include increasing the elder people population, a rise in the number of accidents, and increasing knowledge about the people's devices is boosting the market growth. In addition, the European region also owns many advantageous factors such as the increment of old citizens like aged people, rising knowledge, and the rapid rise of numerous accidents. These are the primary factors of the European region.

The high price of the devices, strict FDA rules, and shortage of medical lab technicians are the factors that restrain the market growth.

KEY MARKET PLAYERS:

Some of the major market participants profiled in this global portable x-ray devices market report are Carestream Health, Hitachi Medical Corporation, Siemens Healthcare, Philips Healthcare, Virtual Imaging, GE Healthcare, and Fujifilm Holdings Shimadzu Corporation, and Toshiba Corporation.

RECENT MARKET HAPPENINGS:

  • In January 2020, Hamilton Health Sciences acquired Siemens Healthineers. Siemens will provide innovative services that will manage most medical imaging equipment and help the hospital drive by improving patients' quality of care.
  • In July 2019, FujiFilm Medical Systems U.S.A announced the Tomosynthesis Biopsy option for the ASPIRE Cristalle mammography system. This system is used to calculate the 3D coordinates of the suspicious lesion in the breast. In addition, it has recently expanded its imaging solutions in the breast category.
  • In January 2019, Shimadzu Medical Systems USA, a Shimadzu Corporation subsidiary, has expanded its Healthcare Business in North America. In addition, this company has acquired CORE medical imaging, which will strengthen its position in the market. 

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